FXMeridian Forex Broker

FXMeridian Forex Broker - Complete Information Guide

1. Broker Overview

　　FXMeridian, officially known as Ever Financial AD, was founded in 2019 and is headquartered in Sofia, Bulgaria. The company operates under a private ownership structure and primarily serves retail clients interested in forex and CFD trading.

　　FXMeridian has been established to cater to a diverse clientele, offering a wide range of trading instruments and a user-friendly trading platform. Since its inception, the broker has aimed to provide a comprehensive trading experience, focusing on cost-effective solutions and robust security measures. The company has made significant strides in the trading industry, marked by its regulatory compliance and commitment to user satisfaction.

　　As a part of its operations, FXMeridian is associated with several other entities, including Global Clearing House Ltd. This affiliation enhances its operational capacity and market reach. The business model of FXMeridian revolves around retail forex trading, providing clients with access to over 1,000 trading instruments, including commodities, currencies, and stocks.

2. Regulatory and Compliance Information

　　FXMeridian is regulated by multiple authorities, which adds a layer of trust and safety for its users. The primary regulatory bodies overseeing FXMeridian include:

• Bulgarian Financial Supervision Commission (FSC) - License number: RG-03-08
• Vanuatu Financial Services Commission (VFSC) - License number: 14691

　　The licenses from these regulatory bodies are valid and cover a broad range of trading activities. FXMeridian adheres to strict guidelines for client fund protection, ensuring that all client funds are kept in segregated accounts. This segregation ensures that clients' capital is insulated from the company's operational funds, providing an additional layer of financial safety.

　　Moreover, FXMeridian complies with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, implementing robust measures to prevent fraud and protect investors interests.

3. Trading Products and Services

　　FXMeridian offers a diverse array of trading products, catering to various trading strategies and preferences. The broker provides access to over 1,000 trading instruments, including:

• Forex Currency Pairs: Over 50 currency pairs, including major, minor, and exotic pairs.
• CFD Products: A wide range of CFDs on indices, commodities, stocks, and cryptocurrencies.
• Unique Trading Instruments: FXMeridian also offers commodities like gold, silver, and oil, providing traders with ample opportunities to diversify their portfolios.

　　The broker regularly updates its product offerings to include new and trending instruments, ensuring that traders have access to the latest market opportunities. FXMeridian focuses on retail trading services, but it also caters to institutional clients through tailored solutions.

4. Trading Platforms and Technology

　　FXMeridian employs a proprietary trading platform designed to be user-friendly and accessible to traders of all experience levels. The platform is available across multiple devices, including:

• Web-Based Trading Platform: Accessible through any web browser, allowing for seamless trading without downloads.
• Mobile Trading Apps: Available for both iOS and Android, enabling traders to manage their investments conveniently from their smartphones or tablets.

　　Unfortunately, FXMeridian does not support popular platforms like MetaTrader 4 or MetaTrader 5. Instead, it relies on its proprietary platform, which includes essential features for trading, such as advanced charting tools and real-time data. The execution model used by FXMeridian is primarily Market Making, which may impact the pricing and spreads offered.

　　Additionally, the broker provides API access for automated trading, allowing traders to implement algorithmic strategies effectively.

5. Account Types and Trading Conditions

　　FXMeridian offers three main account types, each tailored to meet the needs of different traders:

• Silver Account: Minimum deposit of €2,000, with spreads starting from 2.1 pips and a commission of €2 on shares.
• Gold Account: Requires a minimum deposit of €10,000, with tighter spreads starting from 1.5 pips and the same commission structure as the Silver account.
• Platinum Account: Designed for advanced traders, requiring a €50,000 minimum deposit, offering spreads from 0.9 pips and additional benefits such as personal portfolio building.

　　FXMeridian's trading conditions include a maximum leverage of 1:30 for EU clients, which is compliant with regulatory standards. The minimum trade size varies based on the account type, and there are no inactivity fees or hidden charges associated with account maintenance.

6. Fund Management

　　FXMeridian provides various deposit and withdrawal methods to ensure a seamless transaction experience. Supported funding methods include:

• Bank Transfers
• Credit/Debit Cards (Visa, MasterCard)
• E-Wallets (Skrill, Trustly)

　　The minimum deposit requirement is $100, making it accessible for traders of all levels. Deposits are processed promptly, with no associated fees. However, a 4% processing fee may apply when using credit cards or e-wallets.

　　Withdrawals are also free of charge, and funds are returned to the original source of deposit. Processing times for withdrawals typically range from 3 to 5 business days, depending on the chosen method.

7. Customer Support and Educational Resources

　　FXMeridian offers robust customer support to assist its clients effectively. Support channels include:

• Email Support: Available for inquiries and assistance.
• Phone Support: Clients can reach the support team via dedicated phone lines.
• Social Media: FXMeridian maintains a presence on platforms like Facebook and Instagram for additional support.

　　Customer service operates 24/5, ensuring that assistance is available during most trading hours. However, the support options may be limited compared to other brokers offering live chat services.

　　In terms of education, FXMeridian provides a range of resources, including webinars, tutorials, and articles covering various trading topics. Daily market analysis is also available, offering traders insights into market trends and opportunities.

8. Regional Coverage and Restrictions

　　FXMeridian primarily serves clients in Europe and other regions, with a focus on providing comprehensive trading solutions. The broker has regional offices in Australia, Belgium, and Vanuatu, allowing it to cater to a diverse clientele.

　　However, it is important to note that FXMeridian does not accept clients from the United States, which may limit its market reach. The broker's services are also not available in certain jurisdictions where local regulations prohibit its operations.

　　In conclusion, FXMeridian is a broker that offers a wide range of trading instruments and a user-friendly platform, catering to both beginner and experienced traders. While it is regulated by reputable authorities, potential clients should consider the broker's limitations, such as the lack of support for US traders and the absence of popular trading platforms like MetaTrader. Overall, FXMeridian presents a compelling choice for those looking to engage in forex and CFD trading within a secure and regulated environment.